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Decentralized Democracy

House Hansard - 143

44th Parl. 1st Sess.
December 7, 2022 02:00PM
Context: House Hansard - 143 - Dec/7/22
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Dec/7/22 2:22:29 p.m.
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Mr. Speaker, Canadians were hit with yet another interest rate hike today. The Bank of Canada imposed that hike, but it had to do so because of this government's inflationary deficits. Even the Governor of the Bank of Canada indicated that the deficits are increasing inflation, which in turn leads to higher interest rates. For a family that bought an average house with an average mortgage, that is $7,000 more in interest a year. That is impossible. The more the government spends, the more Canadians pay. When will the Liberals stop making Canadians pay?
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Context: House Hansard - 143 - Dec/7/22
Hon. Pierre Poilievre (Leader of the Opposition, CPC)
  • Dec/7/22 2:23:50 p.m.
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Mr. Speaker, Canadians were hit with another interest rate uppercut today as inflationary deficits by the Liberal government are driving up inflation and interest rates. The Governor of the Bank of Canada has even said these deficits are driving the higher cost. One mother told the CBC that she signed into a 1.9%, variable rate mortgage because she believed the government when it said that the rates would be low for long. She now says, “I should punch myself on that decision. Why did I listen to all these people?” How is this mother going to pay the extra $1,000 a month in mortgage payments they are putting on her back?
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Context: House Hansard - 143 - Dec/7/22
Mr. Jagmeet Singh (Burnaby South, NDP)
  • Dec/7/22 2:32:00 p.m.
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Mr. Speaker, the Bank of Canada announced another interest rate increase today, and it is going to mean a lot of pain for Canadian families. With the increase in interest rates, we know that many families are going to see an increase in their mortgage payments of over $1,000. That is not something most Canadian families can afford to pay in addition to the budgets they are dealing with right now. So far, the approach to inflation has been to put more pressure on the backs of Canadians. When will the Prime Minister find a way to tackle inflation that does not create pain for workers but actually provides them the support and respect they need?
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